Monthly Archives: August 2016

On a Lighter Note

An accountant is someone who solves a problem you didn’t know you had in a way you don’t understand. Why are accountants always so calm, composed and methodical? They have strong internal controls. How does Santa’s accountant value his sleigh? Net Present Value. Be audit you can be. What’s the difference between tax avoidance and

2016-08-30T13:53:30+00:00 August 30th, 2016|General|

Staff News: August/September 2016

It is with great sadness that we share with you that Carlene Dearling has passed away. A much valued member of our Accounting team, Carlene had the ability to put anyone at ease and developed great working relationships with her clients. She was a fun, vibrant staff member with an irrepressible sense of humour and

2016-08-30T13:52:10+00:00 August 30th, 2016|The UHY Team|

Five Mortgage Mistakes to Avoid

New Zealand Home Loans shares their top five mistakes to avoid when it comes to paying off your mortgage. Fixing your entire mortgage. While there are some very tempting fixed rates at the moment, if you choose to fix your entire loan you are also locking in how fast (or slow in most cases) you

2016-08-30T13:44:31+00:00 August 30th, 2016|General|

Taxing Matters August/September 2016: Summary of the Latest Tax Changes

A summary of the latest tax changes relating to individuals and businesses. Legislation The Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Act 2016, enacted on 13 May 2016 makes changes to the previous Acts: Introducing a new withholding tax on sales of residential property by offshore persons who sell the

2016-08-30T13:41:55+00:00 August 30th, 2016|Taxing Matters|

Tips for Managing Your Debtors

Healthy cash flow is the life blood of every business. For small businesses in particular, delays in receiving payments can result in perpetual debt problems and seriously impact on their ability to remain operational. Earlier this year accounting software firm Xero released figures stating that only about one in nine invoices issued by small businesses

2016-08-30T13:37:27+00:00 August 30th, 2016|Accounting and Taxation|

Record Keeping Advice for SMEs

If you are in business you are legally required to keep and be able to show your financial records. It is essential to keep accurate records, such as in a cashbook or an accounting software programme. You must keep records for a minimum of seven years. This includes invoices, receipts, wage books, petty cash books,

2016-08-30T13:34:31+00:00 August 30th, 2016|Accounting and Taxation|

New Zealand GST Net Widened

The Inland Revenue Department advises that effective from 1st October 2016, non-resident businesses that supply remote services (including online services) to customers resident in New Zealand will be required to register for NZ GST and charge GST on those services. Remote services can include: Digital content such as e-books, movies, TV shows, music and online

2016-08-26T09:32:58+00:00 August 26th, 2016|Accounting and Taxation|